Key Market Indicators
Thai Pigment Export is projected to reach approximately 1.76 million kilograms by 2028, up from about 1.55 million kilograms in 2023. This represents an average annual growth rate of 2%. Since 1994, the country's pigment supply has increased by an average of 2.4% per year. In 2023, Thailand ranked 26th in global pigment exports, with Brazil slightly ahead at the same 1.55 million kilograms. Leading the ranking were Germany, Saudi Arabia, and China, occupying the second, third, and fourth spots, respectively. On the import front, Thailand's pigment imports are expected to rise to about 7.16 million kilograms by 2028, from around 6.28 million kilograms in 2023. This growth translates to an average annual rate of 2.1%. Since 1993, Thai demand for pigments has consistently grown by 2.4% per year.
